Support

A cookie is a piece of data stored by your browser or device that helps websites like this one recognize return visitors. We use cookies to give you the best experience on BNA.com. Some cookies are also necessary for the technical operation of our website. If you continue browsing, you agree to this site’s use of cookies.

Marketing Services

Bloomberg Next marketing services allow clients to elevate their brands and extend their reach through our established and trusted expertise, enhanced with engaging event production, appealing design, and compelling messaging.

Aug. 11 — A global coalition of business interests is urging Chinese regulators to change proposed
rules that would demand that insurers and other businesses maintain sensitive data
servers in China, according to a
letter obtained by Bloomberg BNA.

Signatories to the letter, addressed to Chinese Premier Li Keqiang and dated Aug.
10, include the U.S. Chamber of Commerce; insurance trade groups from the U.S., the
U.K., Switzerland and elsewhere; the American Chamber of Commerce in China, as well
as AmCham Japan, AmCham Korea and others; and computer industry groups such as BSA
The Software Alliance.

“Our organizations, representing a broad array of industries and companies of all
sizes, are writing to express our hope that China fully embraces the goals of the
upcoming G20 Leaders Meeting to promote an ‘innovative, invigorated, interconnected,
and inclusive world economy,’ by taking steps to address concerns regarding the direction
of China’s information communications technology (ICT) policies,” the letter said.

The letter comes as the world’s leaders prepare to meet for the G-20 summit in Hangzhou,
China on Sept. 4-5. The businesses took issue with China’s draft Cybersecurity Law
and pending insurance cybersecurity rules that are being overseen by the China Insurance
Regulatory Commission (CIRC).

The letter said that the proposed requirements that would force businesses operating
in the country to have local data stores would “impede economic growth, and create
barriers to entry for both foreign and Chinese companies.”

The security reviews and requirements for ICT products and services may “weaken security
and constitute technical barriers to trade as defined by the World Trade Organization,”
the letter said.

Finally, the requirements for data retention and sharing as well as requirements for
law enforcement assistance would “weaken technical security measures and expose citizens’
personal information to malicious actors,” the businesses interests said.

CIRC met with U.S. insurance officials in New York in late July (See previous story, 07/27/16).

Different Approach Requested

The groups signing the letter pledged to continue working with China on ways to meet
the country’s social and economic goals through alternative measures.

“To that end, we urge both The Law and The Provisions be revised to encourage international
policy models that will support China’s development as a global hub for technology
and services,” the letter said.

The coalition acknowledged the challenges posed to Chinese officials on regulating
new technologies, but said other governments were dealing with the similar issues.

“Our organizations look forward to supporting continued engagement with your government
and private sector through this editing process on balancing digital trade and security,
including at the upcoming G20 and B20 meetings,”
the letter said. “Given the global nature of these issues and the interests of governments
around the world in finding appropriate policies to address them, we hope such dialogues
can lay the groundwork for global approaches that all can agree on, and show China
to be a leader in resolving key global issues.”

The groups hailed the transparency of China in releasing the pending requirements
while they’re still being drafted. But a different approach from the proposed data
rules is needed to prevent driving a wedge between China’s economy and the rest of
the world’s, they warned.

“The current drafts, if implemented, would weaken security and separate China from
the global digital economy,” the letter said.

To contact the reporter on this story: Brandon Ross in Washington at
bross@bna.com

To contact the editor responsible for this story: Heather Rothman at
hrothman@bna.com

All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to books@bna.com.

Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)

Notify me when updates are available (No standing order will be created).

This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to research@bna.com.

Put me on standing order

Notify me when new releases are available (no standing order will be created)